Steve Preston
| Steve Preston | |
|---|---|
 |
|
| 14th United States Secretary of Housing and Urban Development | |
|
In office June 5, 2008 – January 20, 2009 |
|
| President | George W. Bush |
| Preceded by | Alphonso Jackson |
| Succeeded by | Shaun Donovan |
| 22nd Administrator of the Small Business Administration | |
|
In office July 10, 2006 – June 5, 2008 |
|
| President | George W. Bush |
| Preceded by | Hector Barreto |
| Succeeded by | Sandy Baruah (Acting) |
| Personal details | |
| Born |
August 4, 1960 Janesville, Wisconsin, U.S. |
| Political party | Republican |
| Education |
Northwestern University (BA) University of Chicago (MBA) |
Steven C. "Steve" Preston (born August 4, 1960) served as the 14th Secretary of the U.S. Department of Housing and Urban Development from 2008 to 2009 and the 22nd Administrator of the U.S. Small Business Administration from 2006 until his appointment as HUD Secretary. Before entering public service, Preston spent nearly 25 years in financial and operational leadership positions in the private sector. Preston returned to the private sector after his tenure in Washington, DC.
Preston grew up in Janesville, Wisconsin and attended Parker High School. His mother grew up in Germany during and after World War II and his father was born in an Appalachian coal-mining camp. Preston has four siblings.
Preston earned a B.A. with Highest Distinction in political science from Northwestern University in 1982 and an MBA from the University of Chicago Graduate School of Business in 1985.
During the first half of his private sector career, Preston worked in investment banking and corporate finance. He joined Lehman Brothers in 1985, ultimately serving as a Senior Vice President in the Investment Banking Department.
In 1993, Preston moved to First Data Corporation where he was Senior Vice President and Treasurer. He managed capital structure strategies, financial risk management, and investor relations during a period of rapid growth.
Preston moved to The ServiceMaster Company in 1997, where he served as Executive Vice President and Chief Financial Officer for seven years before heading the company’s Strategic Services effort. In 2000, CFO magazine named Preston one of the “Next Wave” of financial executives that would make a difference in the next decade.
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